Community & Technical College Foundation of Ashland Inc

Analysis

Community & Technical College Foundation of Ashland Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community & Technical College Foundation of Ashland Inc reported income of $500k and spending of $756k, spending 151% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $500k (-59%), an average of -26% a year. The sharpest change came in the year to June 2021, when income dropped by 78%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community & Technical College Foundation of Ashland Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Stratford Playhouse Booster Club ($500k), Forge Academy ($501k) and Marguerite Kiefer Education Center Inc ($500k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $10.0m against liabilities of $328k, net assets of $9.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.